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Using Request for Quotations procurement method

Request for Quotations (RFQ) is by far one of the most popular methods of procurement used in public procurement. The RFQ method of procurement is provided for under section 34 of the Public Procurement and Disposal of Public Assets (PPDPA) Act (Cap 22:23), and it entails a process in which …

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Govt drafts National Quality Policy

Kudakwashe Mhundwa and Kumbirai Tarusarira Business Reporters Government has drafted the National Quality Policy (NQP) which seeks to establish a national accreditation body and a market surveillance unit to assess the quality of products produced in local industries, as it moves to ensure that products meet conformity standards of both …

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Investor Protection Fund hits $15m mark

Enacy Mapakame Business Reporter The Securities and Exchange Commission of Zimbabwe’s Investor Protection Fund (IPF) has grown to $15 million, since it was established in 2009 to compensate investors in the event of losses. The growth in the IPF helps boost investor confidence on the market. The fund levels are …

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‘Chaka-Chaya neEcoCash’ promotion back, bigger

Business Reporter The multimillion dollar “ChakaChaya neEcoCash” promotion is back. Now in its third successive year, this year’s promotion is offering more prizes, including cash, houses, a Cape Town cruise, property stands, goats and cows — not to mention a trip for two to the Africa Cup of Nations (AFCON) …

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Pursue mutually beneficial partnerships: Envoy

Ishemunyoro Chingwere Business Reporter The Ambassador of the Caribbean islands of Antigua & Barbuda to Nigeria, Brigadier-General Dr Wallace Williams, has warned businesses to be worry of exploitative partnerships as the country opens up to investment after years of isolation. Zimbabwe, under the new dispensation, is looking up foreign direct …

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Gold slips from peak

Gold prices steadied yesterday, having retreated from a one-month peak hit in the previous session as optimism surrounding trade talks between Washington and Beijing soothed investor concerns, boosting global stocks and the dollar. Spot gold was steady at $1 296,49 an ounce by 0808 GMT. US gold futures edged 0,1 …

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SA rand steady

South Africa’s rand steadied in early trade yesterday, as optimism surrounding trade talks between Washington and Beijing boosted market sentiment. At 0615 GMT, the rand traded at 14,2425 per dollar, not far from its New York close of 14.2550 on Tuesday. “The rand has remained surprisingly steady, trading in a …

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Caledonia lauds Govt on gold price

Tawanda Musarurwa Toronto Stock Exchange-listed and Zimbabwe-focused mining firm, Caledonia Mining Corporation says it is encouraged by efforts being made by the Government in improving the country’s business environment including the recent setting of a new gold support price. Last week, Fidelity Printers and Refiners (a subsidiary of the Reserve …

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Industry minister tours Isuzu plant

Own Correspondent On the back of impressive Isuzu trucks sales in Zimbabwe, the Minister of Industry and Commerce Nqobizitha Mangaliso Ndlovu yesterday visited the vehicle manufacturing company’s production facility in Port Elizabeth, South Africa. The minister is the first Zimbabwean dignitary to visit Isuzu Motors South Africa’s production facility in …

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COL rises 5,52pc in April

Business Reporters Zimbabwe’s cost of living rose 5,52 percent in April edging the annual inflation rate to 75,86 percent in rises driven by food and non-alcoholic beverages, latest official statistics show. On average, prices gained 5,52 percent month-on-month, led by a 20 percent increase in beer prices, statistics from the …

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